Elon Musk Has Gained More Wealth In 2023 Than Warren Buffett Is Worth
Benzinga
2023-07-19
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After posting its worse stock performance since going public in 2010, shares of Tesla have rebounded in 2023.
Here’s a look at the impact of the Tesla stock surge in 2023 and the impact it has on the wealth of its CEO Elon Musk.
What Happened: So far this year, Musk added almost $119 billion to his wealth. The Twitter owner is worth $256 billion as of the time of writing, according to data from the Bloomberg Billionaires Index.
That means that Musk has gained more in wealth in 2023 than almost every person in the world is worth, including Berkshire Hathaway CEO Warren Buffett, who is worth $116 billion.
Buffett gained $8.3 billion in wealth in 2023, ranking as the seventh-richest person in the world.
Musk's newfound wealth comes after shares of Tesla fell over 65% throughout 2022. The drop was so substantial that Musk even set a Guinness World Record for losing $182 billion in wealth from November 2021 through the end of 2022.
Here’s a look at the impact of the Tesla stock surge in 2023 and the impact it has on the wealth of its CEO Elon Musk.
What Happened: So far this year, Musk added almost $119 billion to his wealth. The Twitter owner is worth $256 billion as of the time of writing, according to data from the Bloomberg Billionaires Index.
That means that Musk has gained more in wealth in 2023 than almost every person in the world is worth, including Berkshire Hathaway CEO Warren Buffett, who is worth $116 billion.
Buffett gained $8.3 billion in wealth in 2023, ranking as the seventh-richest person in the world.
Musk's newfound wealth comes after shares of Tesla fell over 65% throughout 2022. The drop was so substantial that Musk even set a Guinness World Record for losing $182 billion in wealth from November 2021 through the end of 2022.
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